Orca Fraud CEO Thalia Pillay warns financial institutions to move beyond perimeter security in the age of AI.
ITWeb TV: AI-driven fraud rises as criminals target human trust | Ep #158
AI-driven fraud is rising across Africa, with criminals exploiting human behaviour and trust rather than system vulnerabilities, says Thalia Pillay, CEO of Orca Fraud. In an interview with ITWeb Africa editor Samuel Mungadze, Pillay says criminals are deploying increasingly sophisticated AI-powered tactics to circumvent security controls.
Money laundering can be combated by transaction monitoring, which uses algorithms to detect unusual withdrawal and depositing patterns.
Balance regulatory obligations with optimal results.
Tazama is engineered as a powerful transaction monitoring tool that identifies suspicious patterns using ISO 20022 compatibility and over 35 preconfigured rules.
It will transform this ecosystem in many areas, including watch list management, transaction monitoring and case management, says Forrester.